Ocrolus lands $80M at a $500M+ valuation to automate document processing for fintechs and banks

If you’ve ever had to take out a loan, you know just how many documents are involved in the approval process. It’s a lot. The process is tedious and time-consuming, and in many more cases than you’d expect — still manual. Ocrolus is a startup that is hoping to change that with an automation platform that it says analyzes financial documents with over 99% accuracy. To that end, the New York-based company today has announced that it has raised $80 million in Series C funding toward its mission of helping lenders automate the underwriting process.

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